kiddy Posted April 27, 2019 Share Posted April 27, 2019 Ok, for administration, you need a significant debtor to start the process. If we are (as seems to be the case) up to speed with HMRC, then that’s the main admin baddie out of the way. Perhaps we own Falkirk Council rent? Dont think so though. SSEB? Nope. Players unpaid? Don’t think so. How about directors soft loans? Could be. So what’s the best way for them never to see a penny of their money? That’s right, call in an insolvency practitioner. So what’s an insolvency practitioner’s first duty? Look after the interests of creditors? Nope. It’s to keep the business afloat by dumping all debt if possible. So, if we have debt, and it’s in the form of soft loans, then they are the very last people to want insolvency practitioners anywhere near the building as their shares and their loans instantly become worth nowt.Forgive me, as I actually worked for SSEB, when it was a public service.No cash, no assets? Go straight to liquidation, #DoNotPassGo, just like last time.[emoji6] 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 27, 2019 Share Posted April 27, 2019 1 minute ago, kiddy said: Forgive me, as I actually worked for SSEB, when it was a public service. No cash, no assets? Go straight to liquidation, #DoNotPassGo, just like last time. Sorry no. You are not understanding administration versus ye olde “provisional liquidation” days. The laws governing such events have moved on significantly. Witness Livingston’s £10 million plus admin 1, and their £2.3 million admin 2 with absolutely zero assets. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 27, 2019 Share Posted April 27, 2019 Sorry no. You are not understanding administration versus ye olde “provisional liquidation” days. The laws governing such events have moved on significantly. Witness Livingston’s £10 million plus admin 1, and their £2.3 million admin 2 with absolutely zero assets.I could counter by listing multiple companies who have ceased trading through lack of liquidity. But I just can't be bothe..... 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 27, 2019 Share Posted April 27, 2019 5 minutes ago, kiddy said: 11 minutes ago, Duncan Freemason said: Sorry no. You are not understanding administration versus ye olde “provisional liquidation” days. The laws governing such events have moved on significantly. Witness Livingston’s £10 million plus admin 1, and their £2.3 million admin 2 with absolutely zero assets. I could counter by listing multiple companies who have ceased trading through lack of liquidity. But I just can't be bothe..... Counter me with a Scottish football club. In an admin event, Dave and Kenny could become very powerful players who with the support backing, could step in and own the whole thing.......aye, and for a lot less than 800k. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted April 27, 2019 Share Posted April 27, 2019 Gosh. You lot might yet survive. 0 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted April 27, 2019 Share Posted April 27, 2019 Gosh. You lot might yet survive.I think Alloa will get the point they need tbh. I also dont think we can beat County 0 Quote Link to comment Share on other sites More sharing options...
macca937 Posted April 27, 2019 Share Posted April 27, 2019 Ray McKinnon baby 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted April 27, 2019 Share Posted April 27, 2019 1 minute ago, Bairnardo said: I think Alloa will get the point they need tbh. I also dont think we can beat County Yes, admittedly still not likely, but it looked totally done and dusted until Alloa lost a couple of quick ones. 0 Quote Link to comment Share on other sites More sharing options...
purplemonkeydishwasher Posted April 27, 2019 Share Posted April 27, 2019 Get down bawbags 4 Quote Link to comment Share on other sites More sharing options...
Newbornbairn Posted April 27, 2019 Share Posted April 27, 2019 5 Quote Link to comment Share on other sites More sharing options...
BooBairn Posted April 27, 2019 Share Posted April 27, 2019 Falkirk FC. 6 Quote Link to comment Share on other sites More sharing options...
Uncle Fester Posted April 27, 2019 Share Posted April 27, 2019 11 minutes ago, purplemonkeydishwasher said: Get down bawbags Quality ! we got what we deserved and and I fully expect it to be made official next week unless Ross County are in holiday mode and Alloa win, it has been a cluster f**k of a season, feel sorry for the fans who have dug deep to buy tickets every week and been served up with this shite, so suck it up lads, be sampling other pie huts next season. 0 Quote Link to comment Share on other sites More sharing options...
VanCityHibee Posted April 27, 2019 Share Posted April 27, 2019 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 27, 2019 Share Posted April 27, 2019 Both us and Alloa will lose next weekend 0 Quote Link to comment Share on other sites More sharing options...
cilitbang Posted April 27, 2019 Share Posted April 27, 2019 #ItsNotEasy 0 Quote Link to comment Share on other sites More sharing options...
Senor Bairn Posted April 27, 2019 Share Posted April 27, 2019 How the f**k are not down 0 Quote Link to comment Share on other sites More sharing options...
North Terrace Gazza Posted April 27, 2019 Share Posted April 27, 2019 It’s absolutely incredible that Falkirk might actually remain in this league. Thought they were down by Christmas! 0 Quote Link to comment Share on other sites More sharing options...
gav-ffc Posted April 27, 2019 Share Posted April 27, 2019 “Towards the premiership” 0 Quote Link to comment Share on other sites More sharing options...
18BAIRN76 Posted April 27, 2019 Share Posted April 27, 2019 It’s kind of an indictment on the quality of the league this season that this complete rabble are somehow still alive in the final week. Being the worst of this bunch takes some doing. 0 Quote Link to comment Share on other sites More sharing options...
purplemonkeydishwasher Posted April 27, 2019 Share Posted April 27, 2019 0 Quote Link to comment Share on other sites More sharing options...
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